Asia-Pacific Personal Care Ingredients Market, By Ingredient Type (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Bioactives, Vitamins, UV Filters, Others), Industry Trends and Forecast to 2030.
Asia-Pacific Personal Care Ingredients Market Analysis and Size
The Asia-Pacific personal care ingredients market is being driven by the increasing demand for self-care products to combat stress and anxiety, and the tendency of consumers to increase their engagement in self-care routines as a means of feeling good and looking better is a key driver driving market expansion. Product branding helps customers to recognize the products immediately. Product branding is the strategic combination of design and experience that uniquely identifies a product and sets it apart from other products in the category. It is expected to propel the growth of Asia-Pacific personal care ingredients. However, stringent government regulations may restrain the market growth.
Data Bridge Market Research analyses that the Asia-Pacific personal care ingredients market is expected to reach the value of USD 6,484,470.77 million by 2030, at a CAGR of 6.4% during the forecast period.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Year |
2021 (Customizable to 2020-2016) |
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Quantitative Units |
Revenue in USD Thousand, Volumes in Thousand Tons |
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Segments Covered |
By Ingredient Type (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Bioactives, Vitamins, UV Filters, Others). |
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Countries Covered |
Japan, South Korea, India, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Hong Kong, and the Rest of Asia-Pacific. |
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Market Players Covered |
Ashland, BASFSE, BioBotanica, BIOLANDES, Clariant, CODIF, Croda International Plc, DSM, EVONIK, Laboratoires Expanscienc, Gattefossé, Givaudan, GREENTECH, Hallstar, Lipoid Kosmetik, The Lubrizol Corporation, Naolys, mibelle GROUP biochemistry, LUCASMEYER COSMETICS, NutriWoods, Provital, RAHNAG., Sabinsa., SEPPIC, SEQENS, Silab, Solabia Group, Symrise, and Vytrus Biotech among others |
Market Definition
Personal care ingredients are the raw materials used to manufacture skincare products worldwide. Ingredients used in skincare products are anti-fungal, anti-aging, skin conditioning, and others. Personal care ingredients can be classified as active and inactive ingredients. Active ingredients include anti-aging agents, exfoliates, conditioning agents, and UV-protecting agents, whereas inactive ingredients include surfactants, preservatives, colorants, and polymer ingredients.
Asia-Pacific Personal Care Ingredients Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
DRIVERS:
- Increasing consumer knowledge regarding personal care products
Personal care ingredients are the raw materials that are used in the manufacturing of skincare products worldwide. Ingredients used in skincare products are anti-fungal agents, anti-aging agents, skin conditioning agents, and others. Personal care ingredients can be classified as active and inactive ingredients. Active ingredients include anti-aging agents, exfoliants, conditioning agents, and UV-protecting agents, whereas inactive ingredients include surfactants, preservatives, colorants, and polymer ingredients. The increasing demand for self-care products to combat stress & anxiety, and the tendency of consumers to increase their engagement in self-care routines as a means of feeling good and looking better, has been the major driver for the personal care ingredients market. The interest in natural and organic ingredients has further increased the awareness and demand for skin care products such as face masks, body scrubs, toners, and serums among users, as it emphasizes changing their existing skin care.
- Innovative product branding and advertising
Innovative product branding helps customers to recognize the products immediately. Product branding is the strategic combination of design and experience that uniquely identifies a product and sets it apart from other products in the category. The rise of digital technologies has influenced consumers' buying behavior in the personal care market Asia-Pacific. The major personal care brands in the market are increasing their digital technologies to enable consumers to experience brands in an entirely new way. Technological advancements, innovative branding, and advertising strategies have made it easy to access personal care and hygiene. Major beauty companies and brands are continuously involved in innovating their product branding and advertising strategies to reach a wider audience base and increase customer engagement. Many brands use social media platforms to enhance brand reach, is the major strategy in recent years.
Beauty and personal care companies are increasingly adopting these strategies to increase their brand value and sales in the market. This has enabled the brands to increase their user base and popularity in the personal care ingredients market, which is expected to drive the market's growth.
RESTRAINT
- Increasing awareness among consumers about the harmful effects of chemicals in personal care products
Personal care products or products associated ingredients are being produced using various organic chemicals and synthetic chemicals as raw materials. The majority of personal care ingredients have a long list of chemicals as raw materials to extend their shelf life of up to several months. Despite a wide preference and benefits for personal care ingredients, significant issues associated with the presence of harmful and toxic chemicals in the product are present in the personal care ingredients market. Toxic chemicals used in the products are the bottleneck in the market's growth process. In this scenario of personal care products, the majority of the manufacturer is trying to improve their quality and trying to use less amount of chemicals that are harmful or can cause side effects. The awareness of consumers is increasing day by day of the internet news and digitalization of the world. They are much more aware and have more knowledge about the effects of such harmful chemicals.
CHALLENGES
- Stringent rules & regulations formulated by government agencies
Personal care ingredients, a new consumer need, are finding it hard to reach all probable end users due to some specific regulatory reasons. Since all products are not up to the mark, they can face issues and lawsuits from regulatory bodies. There are benefits to using personal care ingredients and products. However, it has some of its own disadvantages, such as it can have harmful chemicals such as parabens and sulfates, which can restrict the market growth and give a challenge to the manufacturers.
Moreover, beauty-associated personal care products are still one of the most widely used materials when it comes to Asia-pacific personal care ingredients market. Various types of harmful chemicals are used in the manufacture of the products. Due to the application of chemicals, regulatory bodies issue some regulations and guidelines which can restrict the market from growth.
Thus, with the dominance of regulations regarding personal care products is giving Asia-Pacific personal care ingredients market a tough challenge to grow. These regulations act as a hindrance to the growth and development of the Asia-Pacific personal care ingredients market.
- Transparency for ingredients used in cosmetical products is essential
As customers grow more informed and conscious of the personal care products they trust and use, end-to-end transparency and traceability are receiving more attention. To improve safety, quality, and sustainability in the market, businesses must figure out how to make this information accessible to consumers.
Moreover, manufacturers must therefore concentrate on the transparency and traceability of the source of their products in order to earn the trust of their clients, which is predicted to provide a substantial challenge in the market of Asia-Pacific personal care ingredients market.
OPPORTUNITIES
- Focus on research and developments in the production of sustainable personal care products
Eco-friendly and sustainable ingredients are becoming more popular in the personal care industry. Sustainability is becoming a topmost priority for several brands as companies are constantly focusing on moving forward with greener initiatives without compromising the product's quality and to fulfil the demand of the growing population of eco-conscious consumers. Companies are focusing on reducing synthetic ingredients, using renewable energy for manufacturing, and redesigning products to include less water in their composition.
- Availability of customized personal care products
The technological advancements in the industry are leading consumers towards a product just made for the generic skin type. Consumers are becoming extremely careful about choosing the product according to their skin type. As a result, beauty companies focus on catering to such consumers with products that are ideal for their use, enabling them to increase consumer engagement in the market. Beauty companies and manufacturers are continuously introducing customization and digitalization in personal care products, attributed to the increasing demand for personalized personal care ranges. Consumers are becoming aware of the beauty and skincare products in the market. The appeal of personalization allows consumers to tailor their care routine and express their unique character.
In addition, as demand for more personalized formulations continues to grow exponentially, it will help boost the market as consumers become more aware of the growing understanding of how personal care needs differ from person to person.
Asia-Pacific Personal Care Ingredients Market Scope
The Asia-Pacific personal care ingredients market is categorized into one notable segment, which are ingredient type. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Ingredient type
- Surfactants
- Bioactives
- Emollients
- Emulsifiers
- UV Filters
- Conditioning Polymers
- Vitamins
- Rheology Modifiers
- Others
On the basis of ingredient type, the market is segmented into emollients, surfactants, emulsifiers, rheology modifiers, conditioning polymers, bioactives, vitamins, UV Filters, and others.
Asia-Pacific Personal Care Ingredients Market Regional Analysis/Insights
The Asia-Pacific personal care ingredients market is analyzed, and market size insights and trends are provided by country and ingredients, as referenced above.
The countries covered in the Asia-Pacific personal care ingredients market report are Japan, South Korea, India, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Hong Kong, and the Rest of Asia-Pacific.
In 2023, Japan is expected to dominate the Asia-Pacific personal care ingredients market. The increasing demand for self-care products to combat stress and anxiety and the tendency of consumers to increase their engagement in self-care routines is the major reason for the growth of the Asia-Pacific personal care ingredients market in Japan.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Personal Care Ingredients Market Share Analysis
The Asia-Pacific personal care ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the Asia-Pacific personal care ingredients market.
Some of the major players operating in the Asia-Pacific personal care ingredients market are Ashland, BASF SE, BIOLANDES, Clariant, CODIF Technologie naturelle, Croda International Plc, DSM, Evonik Industries AG, Gattefossé, Givaudan, GREENTECH, Hallstar. The Lubrizol Corporation, Naolys, mibelle GROUP biochemistry, LUCASMEYER COSMETICS, Nutri-Woods Bio-tech (Beijing) Co. Ltd. Provital, RAHN AG., Sabinsa., SEPPIC, SEQENS, Silab, and Vytrus Biotech among others.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET
1.4 LIMITATION
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MATERIAL LIFELINE CURVE
2.7 MULTIVARIATE MODELING
2.8 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET PRODUCT LIFELINE CURVE
2.9 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.1 DBMR MARKET POSITION GRID
2.11 DBMR MARKET CHALLENGE MATRIX
2.12 SECONDARY SOURCES
2.13 ASSUMPTIONS
2.14 LIST OF KEY OPINION LEADERS IN THE ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PESTLE ANALYSIS
4.1.1 POLITICAL FACTORS
4.1.2 ECONOMIC FACTORS
4.1.3 SOCIAL FACTORS
4.1.4 TECHNOLOGICAL FACTORS
4.1.5 LEGAL FACTORS
4.1.6 ENVIRONMENTAL FACTORS
4.2 PORTER'S FIVE FORCES:
4.2.1 THE THREAT OF NEW ENTRANTS:
4.2.2 THE THREAT OF SUBSTITUTES:
4.2.3 CUSTOMER BARGAINING POWER:
4.2.4 SUPPLIER BARGAINING POWER:
4.2.5 INTERNAL COMPETITION (RIVALRY):
4.3 IMPACT OF ECONOMIC SLOWDOWN ON MARKET
4.4 IMPORT-EXPORT SCENARIO
4.5 PRODUCTION CONSUMPTION ANALYSIS
4.6 RAW MATERIAL COVERAGE
4.7 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS
4.8 VENDOR SELECTION CRITERIA
5 REGULATION COVERAGE
6 MARKET OVERVIEW
6.1 DRIVERS
6.1.1 INCREASING CONSUMER KNOWLEDGE REGARDING PERSONAL CARE PRODUCTS
6.1.2 INNOVATIVE PRODUCT BRANDING AND ADVERTISING
6.1.3 CHANGING LIFESTYLES AND INCREASE IN URBAN POPULATION
6.2 RESTRAINT
6.2.1 INCREASING AWARENESS AMONG CONSUMERS ABOUT THE HARMFUL EFFECTS OF CHEMICALS ON PERSONAL CARE PRODUCTS
6.2.2 RISING SIDE EFFECTS FROM PERSONAL CARE INGREDIENTS
6.3 OPPORTUNITIES
6.3.1 FOCUS ON RESEARCH AND DEVELOPMENTS IN THE PRODUCTION OF SUSTAINABLE PERSONAL CARE PRODUCTS
6.3.2 AVAILABILITY OF CUSTOMIZED PERSONAL CARE PRODUCTS
6.4 CHALLENGES
6.4.1 STRINGENT RULES & REGULATIONS FORMULATED BY GOVERNMENT AGENCIES
6.4.2 TRANSPARENCY FOR INGREDIENTS USED IN COSMETICAL PRODUCTS IS ESSENTIAL
7 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE
7.1 OVERVIEW
7.2 SURFACTANTS
7.3 BIOACTIVES
7.4 EMOLLIENTS
7.5 EMULSIFIERS
7.6 UV FILTERS
7.7 CONDITIONING POLYMERS
7.8 VITAMINS
7.9 RHEOLOGY MODIFIERS
7.1 OTHERS
8 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY
8.1 JAPAN
8.2 SOUTH KOREA
8.3 INDIA
8.4 TAIWAN
8.5 THAILAND
8.6 INDONESIA
8.7 PHILIPPINES
8.8 MALAYSIA
8.9 HONG KONG
8.1 AUSTRALIA & NEW ZEALAND
8.11 SINGAPORE
8.12 REST OF ASIA-PACIFIC
9 QUESTIONNAIRE
10 RELATED REPORTS
List of Table
TABLE 1 REGULATORY FRAMEWORK
TABLE 2 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 3 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 4 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY, 2021-2030 (USD THOUSAND)
TABLE 5 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY, 2021-2030 (THOUSAND TONS)
TABLE 6 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 7 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 8 JAPAN PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 9 JAPAN PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 10 SOUTH KOREA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 11 SOUTH KOREA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 12 INDIA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 13 INDIA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 14 TAIWAN PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 15 TAIWAN PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 16 THAILAND PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 17 THAILAND PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 18 INDONESIA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 19 INDONESIA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 20 PHILIPPINES PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 21 PHILIPPINES PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 22 MALAYSIA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 23 MALAYSIA PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 24 HONG KONG PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 25 HONG KONG PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 26 AUSTRALIA & NEW ZEALAND PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 27 AUSTRALIA & NEW ZEALAND PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 28 SINGAPORE PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 29 SINGAPORE PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
TABLE 30 REST OF ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (USD THOUSAND)
TABLE 31 REST OF ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET, BY INGREDIENT TYPE, 2021-2030 (THOUSAND TONS)
List of Figure
FIGURE 1 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET
FIGURE 2 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: DATA TRIANGULATION
FIGURE 3 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: DROC ANALYSIS
FIGURE 4 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: GLOBAL VS REGIONAL MARKET ANALYSIS
FIGURE 5 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: THE MATERIAL LIFE LINE CURVE
FIGURE 7 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: MULTIVARIATE MODELLING
FIGURE 8 ASIA-PACIFIC PERSONAL CARE INGREDIENTS TYPE LIFELINE CURVE
FIGURE 9 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 10 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: DBMR MARKET POSITION GRID
FIGURE 11 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: THE MARKET CHALLENGE MATRIX
FIGURE 12 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: SEGMENTATION
FIGURE 13 GROWING AWARENESS AMONG CONSUMERS REGARDING PERSONAL CARE INGREDIENTS IS EXPECTED TO DRIVE THE ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET GROWTH IN THE FORECAST PERIOD
FIGURE 14 SURFACTANTS IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET IN 2023 & 2030
FIGURE 15 IMPORT-EXPORT SCENARIO (USD THOUSAND)
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET
FIGURE 17 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: BY INGREDIENT TYPE, 2022
FIGURE 18 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: SNAPSHOT (2022)
FIGURE 19 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: BY COUNTRY (2022)
FIGURE 20 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: BY COUNTRY (2023 & 2030)
FIGURE 21 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: BY COUNTRY (2022 & 2030)
FIGURE 22 ASIA-PACIFIC PERSONAL CARE INGREDIENTS MARKET: BY INGREDIENT TYPE (2023-2030)
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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